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A certain cancer is found in 1 person in 5000. If a person does have the disease, in 92% of the cases the diagnostic procedure will show that he or she actually has it. If a person does not have the disease, the diagnostic procedure gives, in 1 out of 500 cases, a false positive result. Determine the probability that a person with a positive test result has the cancer.
Is this analysis consistent with the proposition which money has real effects in the short run but is neutral in the long run.
Sam owns outright (no mortgage payments) two plots of land of equal size in Southern California. One plot is in Victorville (the High Desert) and the other is in the coastal community of Newport Beach. Given that Sam’s calculations were correct on t..
Describe how diversity amongst team members contributes to a team becoming and remaining innovative. (100 125 word)?
You are the manager of a small U. S. firm that sells nails in a competitive U. S. market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). Should you plan to increa..
From our pricing material, analyze the willingness to pay (WTP) for potential customers of a TV delivery company.
Other things being equal, a price-discriminating firm will charge less to the customers who. Monopolies that price discriminate do so because.
Suppose the store manager observes that the quantity demanded increases from 700 CD players to 1,300 CD players. Illustrate what is the price elasticity of demand for CD players.
q.a manufacturer of computer workstations gathered average monthly sales figures from its 56 branch offices and
Suppose there are only two people in society. The demand curve for person A for mosquito control is given by qA=$100−P. Suppose mosquito control is a nonexclusive good – that is, once it is produced, everyone benefits from it. What would be the optim..
Illustrate what is the capital account balance. Illustrate what is the financial account balance.
The? (FOMC) Federal Open Market Committee. The Federal Reserve Bank of New York is always a voting member of the FOMC because
In this module, it is demonstrated that some times extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. Suppose a beer brewing company has determined that its..
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